Pitney Bowes Q2 2024 Adj. EPS $0.03 Beats $(0.07) Estimate, Sales $793.170M Beat $771.648M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pitney Bowes (NYSE:PBI) reported Q2 2024 adjusted EPS of $0.03, significantly beating the analyst estimate of $(0.07). The company also reported sales of $793.170 million, surpassing the $771.648 million estimate and showing a 2.15% increase from the same period last year.
August 08, 2024 | 9:09 pm
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Pitney Bowes reported Q2 2024 adjusted EPS of $0.03, beating the $(0.07) estimate by 142.86%. Sales of $793.170 million also surpassed the $771.648 million estimate, marking a 2.15% increase from last year.
The significant beat on both EPS and sales estimates, along with a year-over-year sales increase, is likely to positively impact PBI's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100